GG.. In a nutshell, you seem to argue for a deal with the devil (market makers) as a way out of the bind (which you postulate). That is, Winick sells MMs real BKMP shares so MMs can cover their naked shorts.
I must disagree with this logistical move. First, I don't think MMs always make a profit, as you say. Sure the deck is stacked in their favor, but they are not invincible. They win some, they lose some, like everyone else.
Pinkie MMs are recidivists, i.e., repeat criminals. If MMs escape the noose this time, they will only return to the table and naked short all over again. This is High Noon. We are Gary Cooper. Let's have the showdown now. If we get U.S. carriers, there isn't any way, short of divine intervention, the MMs can hold this down.
The pith of your post, as I read it:
"The MMs need to cover 1B-1.25B NSS at .0006-.0007 to turn the profit that they ALWAYS come away with. TFN needs money to pay for the big moves it has made, such as Cancom and Trajectory Sports, and the PPS is too low for them to consider selling any of the BKMP reserves at these levels. However, they can keep getting private financing. However, if they do this, the MMs will still keep the PPS down no matter what. I think that the only alternative that is now left is for BKMP to come up with these 1B-1.25B shares, and sell them to the MMs at .0006-.0007, allowing them to cover. In return, the MMs now need to buy 1B-1.25B AUTHENTIC shares to make up the difference for the ones BKMP issued. This would be forced dilution, but I see no other way around the stalemate."